Director remuneration

Governance insights from the Directors’ Fees Report 2023/2024

Governance insights from the Directors’ Fees Report 2023/2024.

Directors are working longer and many have turned down roles due to time pressure as the median hours worked climbs towards pandemic levels.

Inland Revenue recently issued a total of 46 pages of discussions on how director or board member fees should be treated for GST.

Inland Revenue's draft guidance consulting on GST treatment for individuals offering director services through a personal services company.

In the recent changes directors will be held more accountable to investors with a greater focus on ESG factors and reporting.

New rulings by Inland Revenue on director's fees and GST will require some directors to review their current arrangements.

Media release

according to the 2022/23 Directors’ Fees Report by the IoD and EY.

A key source of information on director remuneration trends in the New Zealand market.